XRP and other cryptocurrencies are falling, and big news from Home Depot could be at the heart of the sell-offs.

XRP ( XRP -5.98% ) is getting hit with another round of sell-offs Tuesday. The cryptocurrency is down 4.1% over the previous 24 hours of trading as of 1:30 p.m. ET -- a stretch that also saw Bitcoin fall 2.8% and Ethereum sink 4.3%.

The cryptocurrency market is under pressure today, and Home Depot 's latest quarterly report stands out as the most likely catalyst for valuation pullbacks in the space. Despite some significant valuation contraction after a record high last month, XRP is still up roughly 49% year to date as of this writing.

Home Depot's latest quarterly update could signal trouble for XRP

With the second-quarter earnings release and conference call

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